The estimated hard construction cost of the entire 10-year project will be at least $1.5 billion, construction industry estimators following the undertaking tell GlobeSt.com.
The addition of the new design team comes just as Atlantic Station loses one of its original development partners, Mills Corp. Houston-based Hines Interests Inc. and locally based Post Properties Inc. were the first to leave the project after its debut in 1998.
The mixed-use commercial development at the former Atlantic Steel site at 16th Street and Mecaslin Avenue is a joint venture of Jacoby Development Inc. and AID Global Real Estate Investment Corp. It will encompass high-rise/mid-rise office space; retail/entertainment; integrated retail and single-family housing.
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